Karmasangsthan Bank’s business review meeting held in Cumilla

Karmasangsthan Bank has held a business review meeting with the participation of all regional managers, branch managers, and second officers under the Cumilla, Chandpur, Brahmanbaria, Noakhali and Laxmipur regions.

The meeting was held at the Bangladesh Academy for Rural Development (BARD) in Cumilla on Saturday, according to a press release.

Chairman (former secretary) of Karmasangsthan Bank AFM Motiur Rahman was present as the chief guest and inaugurated the business review meeting.

Managing Director Arun Kumar Chowdhury, Deputy Managing Director Meher Sultana and General Manager Md Amirul Islam were present as special guests. DGM of Loan Recovery Department of Karmasangsthan Bank Head Office Md. Aktar Hossain Pradhan also present, while DGM of Chittagong Divisional Office Md. Momtaz Uddin presided over the meeting.

In his speech, the chief guest called on everyone to increase the recovery of the Loan. He emphasized working hard to achieve the 100 per cent target in all indicators.

The managing director, in his speech, advised identifying the lagging indicators in the mentioned areas and working earnestly to solve them. He emphasized disbursing loans based on quality and ensuring that no new loan defaults.

He reviewed the loans on a case-to-case basis in the branch and advised on necessary steps to be taken by them from the present condition to an improved condition. He emphasized increasing the rate of recovery, the rate of classified loan collection, and reducing defaulted loans.